ProShares UltraShort Bloomberg Crude Oil (SCO)

NYSEARCA: SCO · Real-Time Price · USD
17.84
-0.72 (-3.88%)
Oct 31, 2024, 4:00 PM EDT - Market closed
-3.88%
Assets $105.88M
Expense Ratio 0.95%
PE Ratio n/a
Shares Out 5.46M
Dividend (ttm) n/a
Dividend Yield n/a
Ex-Dividend Date n/a
Payout Ratio n/a
1-Year Return +0.91%
Volume 1,642,811
Open 18.37
Previous Close 18.56
Day's Range 17.75 - 18.55
52-Week Low 14.44
52-Week High 22.39
Beta -2.21
Holdings 4
Inception Date Nov 24, 2008

About SCO

Fund Home Page

The ProShares UltraShort Bloomberg Crude Oil (SCO) is an exchange-traded fund that mostly invests in crude oil commodities. The fund provides -2x the daily return of an index of futures contracts on light sweet crude oil. SCO was launched on Nov 24, 2008 and is issued by ProShares.

Asset Class Commodity
Category Trading--Inverse Commodities
Stock Exchange NYSEARCA
Ticker Symbol SCO
ETF Provider ProShares
Index Tracked Bloomberg Commodity Balanced WTI Crude Oil Index

News

SCO: With The OPEC Meeting Behind Us, Oil Prices Will Stay Supported

This article analyzes the ProShares UltraShort Bloomberg Crude Oil ETF within the context of the recent OPEC meeting and its impact on oil prices. OPEC+ extended oil production cuts to support prices ...

5 months ago - Seeking Alpha

Understanding Bull And Bear Market Cycles With Jon Wolfenbarger

Jon Wolfenbarger aims to help individual investors generate double-digit profits and beat the market in both bull and bear markets.

8 months ago - Seeking Alpha

SCO: The 'Short Crude' Play Could Continue To Be Painful

SCO is a double short instrument that returns double the inverse of crude oil futures contracts. I advise against investing in SCO due to my belief that WTI crude is set to rise in the months ahead. M...

8 months ago - Seeking Alpha

SCO: Shorting Oil Is Too Crowded Of A Trade

ProShares UltraShort Bloomberg Crude Oil ETF is a double short instrument that provides investors with an amplified return on their bet when oil is overbought. Shorting any underlying stock or commodi...

1 year ago - Seeking Alpha

SCO ETF: Assessing The Shorting Opportunity After OPEC+

Saudi Arabia's voluntary production cut of one million bpd at the recent OPEC+ meeting can basically be viewed as attempting to create a floor for crude prices by limiting supply. In addition, there a...

1 year ago - Seeking Alpha

SCO: The Window Of Opportunity Has Probably Elapsed

SCO, as its very name implies, enables traders to profit from the bearishness of the oil market. It has provided better performance than DRIP, another shorting ETF during the last month due to its WTI...

2 years ago - Seeking Alpha

Energy Select Sector SPDR ETF: Investor Activity In XLE Signals Caution

After the 217% price gain from October 1, 2020 to June 1, 2022, investor buying suggests XLE is about to enter an extended trading range. The number of XLE shares outstanding grew an abnormal 74%, whi...

Other symbols: XLE
2 years ago - Seeking Alpha

SCO: A Short Oil Position And How It Can Be Used

SCO is a double-short oil ETF. But its Index does not match 2X returns of the nearby NYMEX futures contract.

2 years ago - Seeking Alpha

SCO: More Supply Could Start To Weigh On Crude Prices

Crude oil was a top performing asset class in 2021. As a result, investors in SCO were punished severely. Despite this backdrop, I think crude may be nearing a top, making short positions less risky n...

3 years ago - Seeking Alpha

SCO: Oil's Gains Have Cooled, But Shorting It Could Be Costly

Oil has been one of the best performing assets in 2021, but it has seen some short-term weakness. There have been calls to raise production, release strategic reserves, and the West has called on OPEC...

3 years ago - Seeking Alpha

'Dangerous Divergences'

In the latest World Economic Outlook Report, the IMF said "the dangerous divergence in economic prospects across countries remains a major concern". While the IMF focused on the "vaccine divide" betwe...

3 years ago - Seeking Alpha

SCO: Despite OPEC+ Production Hikes, Shorting Oil Is Not The Right Move

Oil continues to rise in the short term, despite a pledge by OPEC+ to continue with its rise in production. Even as more oil hits the market, supply remains constrained by natural disasters in the Gul...

3 years ago - Seeking Alpha

Long SCO With A BAC Call Option Hedge Is A Tactical Pair Trade

SCO is an ideal way to short oil as it trades 2x inverse with WTI futures. Global growth is downshifting while OPEC+ is ramping production. Call options on Bank of America provide a hedge if oil does ...

Other symbols: BAC
3 years ago - Seeking Alpha

SCO: Disagreement Within OPEC+ Means Higher Oil Prices Are Coming

The indecision by OPEC+ to agree to raise production quotas will continue to support higher crude prices in the near term.

3 years ago - Seeking Alpha

SCO: Shorting Crude Is Not A Good Idea

SCO has been hammered in 2021, as rising crude oil prices have pressured the fund. SCO is a double-short ETF, which means the losses have been amplified as oil has risen.

3 years ago - Seeking Alpha

Best (and Only) Inverse Oil ETF for Q2 2021

The best (and only) inverse oil ETF for Q2 2021 is SCO.

Other symbols: BNODBOGUSHIEOOIHPXJUCO
4 years ago - Investopedia

ProShares Leveraged and Inverse Oil ETFs Change Benchmark

BETHESDA, Md.--(BUSINESS WIRE)--ProShares, a premier provider of ETFs, announced today that ProShares Ultra Bloomberg Crude Oil (UCO) and ProShares UltraShort Bloomberg Crude Oil (SCO) ETFs will chang...

4 years ago - Business Wire

Oil Outlook: 2020 And Beyond

Falling Rig counts help build the bullish case.

Other symbols: BNOBPBTECVXDBOIMOOILK
4 years ago - Seeking Alpha

OPEC May 2020 Oil Production

OPEC crude only production was down 6,300,000 barrels per day in May.

4 years ago - Seeking Alpha

Oil: Why You Should Be Very Bullish In 2021 And Beyond

We explore more on how quickly supply is responding to the drop in oil demand.

Other symbols: BNOBPCVXDBODVNEPDIMO
4 years ago - Seeking Alpha

Bearish Thesis For Oil Tankers Is Absolutely Ridiculous

When oil tanker stocks are trading at multiple times NAV or 10 times current run-rate earnings we can talk about a bearish case.

4 years ago - Seeking Alpha

Why WTI Crude Is Crashing So Much Today

Today, crude is crashing hard.

Other symbols: BNODBOOILKUCOUSLUSO
4 years ago - Seeking Alpha

Why There's Less To This Oil Price Rally Than Meets The Eye

Spot crude oil prices have jumped about $5+ per barrel from the lows to Friday morning.

4 years ago - Seeking Alpha

SCO: The Short Crude Trade Is Almost Over

SCO: The Short Crude Trade Is Almost Over

4 years ago - Seeking Alpha